Ethereum Sell Signal That Last Preceded A 63% Drop Flashes Again
Ethereum has seen a Tom Demark (TD) Sequential sell signal on its weekly chart, something that last led to a major drawdown for the asset. Ethereum Has Seen A TD Sequential Sell Signal In a new post on X, analyst Ali Martinez has highlighted a TD Sequential signal that has emerged on the 1-week price of Ethereum. The TD Sequential is an indicator from technical analysis (TA) that’s usually used for spotting trend reversals in an asset’s price. Related Reading: Ethereum Dips To $2,250 As Trader Profit-Taking Hits 3-Week High It involves two phases: the setup and countdown. In the context of the current discussion, the former phase is the one of interest. During the setup, the TD Sequential counts up candles of the same color until the number hits nine. Once the nine candles are in, the indicator signals the exhaustion of the prevailing trend. Below is the chart shared by Martinez that shows the TD Sequential setup that has appeared on the weekly Ethereum price. As is visible in the grap